Stop me if you’ve heard this one (you have, but it is worth repeating): A CEO and CFO are battling it out during the budget process. The CFO says to CEO, who is asking for dollars for leader development, “What happens if we train them and they leave?” The CEO pauses and responds with, “What happens if we don’t and they stay?” I love this two line quip. It is so true and so telling of the way we lose sight of what could happen to our businesses if we fail to invest in the development of our people.
A recent survey conducted by Talent Board asked participants to rate their likelihood of referring others based on their most recent application/interviewing process. Nearly 50% of those surveyed (44%) indicated they would “Definitely Not.” Take a minute. Let that sink in. Now think about what the candidates you’ve been in touch with in the last 90 days would say about your organization? Sobering isn’t it?